5 Roadblocks to Affordable Homeownership (And Ways to Move Past Them)
- Ryan DePoppe
- May 15
- 5 min read
Affordable homeownership might feel out of reach—and you’re definitely not alone.
According to a recent Bankrate survey, 78% of aspiring homebuyers say affordability is their biggest obstacle.[1] Since the pandemic, home prices have surged more than 30%, and rising mortgage rates have only made monthly payments harder to manage.[2]

But here’s some good news: with the right strategies, a little flexibility, and reasonable expectations, homeownership is still within reach.
Below, we’ll break down five common roadblocks that keep buyers on the sidelines—and how you can move past them.
🏠 Roadblock #1: "I Don’t Have Enough Saved for a Down Payment"
Think you need 20% down to buy a home? In most cases, you don’t. Many conventional loans require just 3–5%, and there are several other ways to get help with your upfront costs:
Down Payment Assistance (DPA) Programs
These include grants, forgivable loans, and more—often geared toward first-time buyers but not always. Reach out if you’d like help finding local or national programs. [3][4]
0% Down Government-Backed Mortgages
VA and USDA loans offer 0% down options with competitive rates. [5] VA loans are for military service members and eligible spouses. [6] USDA loans are designed for moderate- to low-income buyers in certain rural areas. [7]
Family Gifts
In 2024, 1 in 4 first-time buyers received down payment help from family or friends. [8] Many Baby Boomers are gifting part of their heirs’ inheritance early—and some financial advisors even encourage it. [9] Just be sure to document everything properly. [10]
Equity in Your Current Home
If you’re already a homeowner, you may have more equity than you realize. [11] That equity could help fund your next home. Need a quick home value estimate? I’m happy to help.
💸 Roadblock #2: "I Can’t Afford the Monthly Payment"
Worried about high monthly payments? You’re not alone—but there are several ways to ease the burden:
Explore Alternative Loan Types
Options like ARMs (adjustable-rate mortgages) [12] or hybrid loans [13] offer lower initial rates, which can be helpful if you plan to move or refinance in a few years. Just make sure you understand the trade-offs and possible risks.
Consider Discount Points
You can pay upfront to lower your interest rate long-term. [14] Sometimes, sellers will even cover these points as part of the negotiation. In fact, it’s not uncommon in this current real estate market.
Seller Financing or Assumable Mortgages
Some sellers may offer to finance the sale directly or allow you to assume their existing mortgage with a lower interest rate. [15] These aren’t super common, but they do exist—and we can help you spot them.
Co-Buy with Family or Friends
More buyers are teaming up to purchase homes together. [16] this could be a viable way to share both the costs and responsibilities of ownership. In fact, we’re seeing an increase in multi-generational housing. See my post HERE on that very topic.
Buy a Home with Income Potential
Consider a duplex, an accessory dwelling unit (ADU), or even Airbnb potential. That extra income can help offset your mortgage.
🌐 Roadblock #3: "I Can’t Qualify for a Mortgage"
If you’ve had credit challenges in the past, getting approved can feel stressful—but don’t give up. There are things you can do to improve your chances:
Boost Your Credit Score
Even improving your score by 20–30 points could get you a better rate. Pay bills on time, avoid taking on new debt, and check for errors on your credit report. [17]
Lower Your Debt-to-Income Ratio
Paying down credit cards or a car loan can make a big impact on your mortgage eligibility. [18]
Apply for an FHA Loan
These government-backed loans are more flexible when it comes to credit scores and down payments. [19] Minimum credit score: 580 (3.5% down) or 500 (10% down).
Consider a Co-Signer
Adding someone with strong credit or income to your application could help—but make sure everyone understands the shared responsibility.
🏡 Roadblock #4: "I Can’t Find a Home in My Price Range"
Inventory is still a bit tight, especially in popular areas. But there are still ways to find a home that works for your budget:
Expand Your Search Area
Prices can vary a lot within just a few miles. [21] You might find great value in a nearby neighborhood you hadn’t considered.
Revisit Your Must-Haves
Do you really need that extra bathroom right now? Could you add it later? Being flexible could save you thousands.
Consider a Fixer-Upper
Homes that need some TLC often come with a lower price tag—and give you the chance to renovate to your taste. [22] Just be sure to budget for repairs and know your limits.
🚧 Roadblock #5: "I’m Overwhelmed by the Process"
From paperwork to inspections, it’s easy to feel like buying a home is a full-time job. But you don’t have to go it alone. This is why we’re here to help:

We Help You Find the Right Home, Faster
We narrow down listings that match your budget and lifestyle, and even get you access to off-market homes.
We Simplify Financing & Paperwork
From lender referrals to document reviews, we help you avoid missteps and keep everything on track.
We Negotiate on Your Behalf
We work to get you the best price, handle inspection negotiations, and flag hidden costs so there are no surprises.
We Manage Inspections & Closing
We coordinate with appraisers, attorneys, and title companies to ensure a smooth experience.
We Offer Ongoing Support
After closing, we’re still here to help—from recommending contractors to providing market updates for future refinancing or selling.
Let's Turn Roadblocks Into Your Stepping Stones to Affordable Homeownership
Homeownership comes with challenges, but none of them are insurmountable. With the right plan and a team you trust, those roadblocks become stepping stones.
Whether you're struggling with saving, qualifying, or just knowing where to start, we're here to guide you every step of the way. Reach out today and let’s get things started!
–Ryan DePoppe
Call/Text: 843-469-6825
Disclaimer: This blog post is for informational purposes only and does not constitute legal, financial, or tax advice. Please consult the appropriate professionals for guidance based on your individual needs.
Sources:
Bankrate -https://www.bankrate.com/mortgages/home-affordability-report/#unaffordability
Nerdwallet -https://www.nerdwallet.com/article/mortgages/2025-home-buyer-report
Bankrate -https://www.bankrate.com/mortgages/first-time-homebuyer-grants/#types
Down Payment Resource -https://downpaymentresource.com/
Bankrate -https://www.bankrate.com/mortgages/types-of-mortgages/#government-backed
Bankrate -https://www.bankrate.com/mortgages/understanding-va-loans/
Bankrate -https://www.bankrate.com/mortgages/what-is-a-usda-loan/
National Association of Realtors -https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers
Business Insider -https://www.businessinsider.com/boomers-not-waiting-pass-inheritance-wealth-transfer-millennials-need-it-2024-7
Experian -https://www.experian.com/blogs/ask-experian/down-payment-gift-rules/
Bankrate -https://www.bankrate.com/home-equity/homeowner-equity-data-and-statistics/
Nerdwallet -https://www.nerdwallet.com/article/mortgages/adjustable-rate-mortgage-arm
Lending Tree -https://www.lendingtree.com/home/mortgage/what-is-a-hybrid-mortgage/
Investopedia -https://www.investopedia.com/terms/d/discountpoints.asp
Lending Tree -https://www.lendingtree.com/home/mortgage/what-to-know-about-owner-financing/
National Association of Realtors -https://www.nar.realtor/blogs/economists-outlook/home-for-the-holidays-the-rise-of-multi-generational-home-buying
Consumer Financial Protection Bureau -https://www.consumerfinance.gov/consumer-tools/credit-reports-and-scores/
Nerdwallet -https://www.nerdwallet.com/article/mortgages/debt-income-ratio-mortgage
Bankrate -https://www.bankrate.com/mortgages/what-is-an-fha-loan/#requirements
Bankrate -https://www.bankrate.com/real-estate/low-inventory-housing-shortage/
Realtor -https://www.realtor.com/advice/buy/priced-out-of-dream-neighborhood-cheaper-alternative/
This Old House -https://www.thisoldhouse.com/buying/21017198/buying-a-fixer-upper-house
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